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XRP plunges more than 8% to $1.27 after Senate stalls CLARITY Act

  • The Senate failed to advance the CLARITY Act, stalling broader crypto legislation.
  • XRP fell more than 8%, reaching a low of $1.27.
  • XRP’s treatment under the SEC-CFTC March framework remains unchanged.

XRP fell more than 8% to as low as $1.27 after the Senate failed to advance the CLARITY Act. The stalled vote put broader crypto legislation on hold, but XRP’s existing treatment under the SEC (U.S. Securities and Exchange Commission) and CFTC (Commodity Futures Trading Commission) March framework was unchanged.

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XRP plunges more than 8% to $1.27 after Senate stalls CLARITY Act - CoinPost Terminal